One of the key messages in the data is that the cryptoasset financial promotions regime has now been live for a year. Over the last year the FCA has issued 1,702 consumer alerts about illegal crypto promotions and its actions have resulted in the take down of over 900 scam crypto websites and the removal of 56 apps from UK apps stores.
Another key message is that the regulator continues to engage with firms who appear to be providing and advertising unauthorised debt advice and debt solutions to consumers via online promotions. The FCA continues to see aggressive sponsored promotions placed by unauthorised firms and it remains committed to using its powers to work with and take appropriate action against unauthorised firms to prevent serious harm to consumers in this area.